Protecting pensions: what tax changes could come under the new government? In tax year 23/24 I contributed approximately £100,000 to my pension, taking advantage of the abolition of the lifetime exemption and using unused exemptions from previous years. I want to withdraw my pension now to avoid possible tax changes or anti-forestalling legislation from a … Read more
Stay informed with free updates Simply register for the German economy myFT Digest — straight to your inbox. The head of Germany’s central bank has urged the government to cut taxes, cut bureaucracy, boost the workforce and increase the carbon tax to boost the country’s declining attractiveness to investors. According to Joachim Nagel, president of … Read more
Stay informed with free updates Simply log in to the British tax myFT Digest – delivered straight to your inbox. The number of people in the UK paying the highest rate of income tax will exceed 1 million for the first time this year. This is because a long-term freeze of the thresholds and wage … Read more
The number of people being dragged into paying income tax has risen by an estimated 4.4 million in three years as a result of the government’s freeze on thresholds, official data shows, a statistic likely to reignite the election debate over taxes. The figures show that an ongoing freeze on income tax thresholds, seen by … Read more
Stay up to date with free updates Simply log in to the Oil and gas industry myFT Digest — straight to your inbox. The boss of one of Britain’s largest independent oil and gas producers has said the company is “very actively” looking for opportunities abroad, as he likened navigating the country’s tax regime to … Read more
The number of Britons over retirement age paying tax on their state pension has increased significantly in the past year, according to new figures published by HM Revenue and Customs (HMRC). Tax authority data shows that annual figures on the number of people paying income tax on their pension payments have risen by 660,000, from … Read more
Two of Mallorca and Spain’s biggest tourist markets, Britain and Germany, will have to pay extra for the privilege of flying to destinations such as the Balearic Islands. Lufthansa will add an environmental surcharge of up to 72 euros to fares, the airline announced on Tuesday, joining at least one European competitor as the industry … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A global minimum tax on billionaires raising up to $250 billion annually is “technically feasible” and could be successfully enforced even if it were not adopted by every country, a report commissioned by the G20 … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. JPMorgan Chase has attracted more than $15 billion in assets from wealthy clients for its emerging tax strategy arm, according to people familiar with the matter, as the U.S. bank looks to acquire a larger … Read more
British drivers are being warned that the price of new vehicles could skyrocket in the near future due to a possible trade war between the US, European Union and China. Both United States have taken significant steps to crack down on the number of Chinese-made electric vehicles being imported by imposing heavy tariffs on manufacturers … Read more